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201604915
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Last modified
7/3/2017 5:40:55 PM
Creation date
8/2/2016 8:34:40 AM
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DEEDS
Inst Number
201604915
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201604915 <br /> NON-UNIFORM COVENANTS.Borrower and Lender further covenant and agree as follows: <br /> 22.Acceleration;Remedies.Lender shall give notice to Borrower prior to acceleration following Borrower's <br /> breach of any covenant or agreement in this Security Instrument(but not prior to acceleration under Section 18 <br /> unless Applicable Law provides otherwise).The notice shall specify:(a)the default;(b)the action required to cure <br /> the default;(c)a date,not less than 30 days from the date the notice is given to Borrower,by which the default <br /> must be cured;and(d)that failure to cure the default on or before the date specified in the notice may result in <br /> acceleration of the sums secured by this Security Instrument and sale of the Property.The notice shall further <br /> inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non- <br /> existence of a default or any other defense of Borrower to acceleration and sale.If the default is not cured on or <br /> before the date specified in the notice,Lender at its option may require immediate payment in full of all sums <br /> secured by this Security Instrument without further demand and may invoke the power of sale and any other <br /> remedies permitted by Applicable Law.Lender shall be entitled to collect all expenses incurred in pursuing the <br /> remedies provided in this Section 22,including,but not limited to,reasonable attorneys'fees and costs of title <br /> evidence. <br /> If the power of sale is invoked,Trustee shall record a notice of default in each county in which any part of the <br /> Property is located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borrower <br /> and to the other persons prescribed by Applicable Law.After the time required by Applicable Law,Trustee shall <br /> give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee, without <br /> demand on Borrower,shall sell the Property at public auction to the highest bidder at the time and place and <br /> under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. <br /> Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of <br /> any previously scheduled sale.Lender or its designee may purchase the Property at any sale. <br /> Upon receipt of payment of the price bid,Trustee shall deliver to the purchaser Trustee's deed conveying the <br /> Property.The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made <br /> therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of <br /> exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and <br /> reasonable attorneys'fees as permitted by Applicable Law;(b)to all sums secured by this Security Instrument; <br /> and(c)any excess to the person or persons legally entitled to it. <br /> 23.Reconveyance.Upon payment of all sums secured by this Security Instrument,Lender shall request Trustee to <br /> re-convey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security <br /> Instrument to Trustee.Trustee shall reconvey the Property without warranty to the person or persons legally entitled to it. <br /> Such person or persons shall pay any recordation costs.Lender may charge such person or persons a fee for reconveying <br /> the Property,but only if the fee is paid to a third party(such as the Trustee)for services rendered and the charging of the <br /> fee is permitted under Applicable Law. <br /> 24.Substitute Trustee.Lender,at its option,may from time to time remove Trustee and appoint a successor trustee <br /> to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is <br /> recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties <br /> conferred upon Trustee herein and by Applicable Law. <br /> 25. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's <br /> address which is the Property Address. <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br /> Page 12 of 13 � ) y� 1 <br /> ios,Inc.•31639 Borrows s Initial ✓Lam„(/ <br />
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